Which Two Countries Had the Lowest Human Development Index from 1970

question 28

Multiple Choice

Which two countries had the lowest Human Development Index from 1970 to 1975?

• A) Canada and the United States
• B) the United States and Norway
• C) Canada and Norway
• D) the United States and Portugal

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Definitions:

Profit-maximizing

The process or strategy of adjusting production and operations to achieve the highest possible profit under given conditions.

Fixed Factor

A resource in the production process whose quantity cannot readily be changed in the short term.

Production

The process of creating goods or services by combining various inputs in order to make products that are suitable for consumption or further production.

Increasing Returns To Scale

A situation in production where an increase in the scale of inputs leads to a more than proportional increase in output.